Picture this… Your eyes are on the perfect home, your deposit is ready and now you just need the bank’s stamp of approval. But wait, there’s this thing called the Household Expenditure Measure (HEM) lurking in the background. WHAT IS IT, AND HOW MIGHT IT RAIN ON YOUR HOMEOWNERSHIP PARADE? HEM – It’s similar to […]
As we mark the first anniversary of Michele Bullock’s leadership as the Reserve Bank of Australia’s (RBA) first female governor, the RBA has decided to hold the official cash rate steady at 4.35% this month. While the RBA Board remains cautious, refusing to rule anything in or out, Governor Bullock confirmed that a rate cut […]
Melanie Cunliffe, Indigo Finance has been named as a finalist in the Women in Finance Awards for Principal of the Year! The national awards program, run with the support of principal partner Mortgage Choice, is designed to recognise and acknowledge the leading women influencing the Australian finance industry. Year after year, the Women in […]
If you are looking for a property, then there’s a strong chance you’ll come across one that is up for auction. It’s important to pre-prepare as things move quickly. Research & Stay Informed Know the property prices in your desired area, and be cautious of unrealistically low-price ranges. Agents are obligated to provide estimates […]
What is an Offset Account? An offset account is a savings or transaction account that is linked to an eligible home or investment loan. It functions just like any other savings or transaction account, providing a bank card for electronic transactions, transfers, and ATM withdrawals. Offset accounts are typically only available for variable home loans. […]
The Australian lending landscape has shown remarkable resilience and growth in 2024. The latest data from the Australian Bureau of Statistics (ABS) revealed increases across housing, personal and business loans. This upward trend paints a picture of a robust economy and growing consumer confidence despite the challenges faced in recent years. Housing market leads […]
Should you wait for interest rates to drop before buying property? It’s a question that’s on the minds of many Australians while interest rates continue to hover at elevated levels. The allure of waiting for a potential 1% drop in two years is undeniable with the promise of lower monthly repayments and potentially more borrowing […]
Is delaying your property purchase in hopes of a lower interest rate a risky gamble? With economists not expecting rate drops until next year, waiting for lower interest rates and potential housing price reductions may be tempting. However delaying your purchase could be a more costly gamble. The mirage of falling prices It’s important […]
And is it still worth it for first home buyers? The concept of ‘rentvesting’ gained popularity in the last decade when it was embraced by first time homebuyers eager to enter the property market. However, for some, it has been a long standing strategy in property investment. Often praised as a mutually beneficial approach for investors, […]
The recently introduced Stage 3 tax cuts are set to increase the borrowing capacity of many Australians, especially those earning between $45,001 and $200,000 per year. The exact increase will depend on individual circumstances such as income, existing debts and lender policies. However, we can provide some estimates based on current data: ESTIMATED BORROWING CAPACITY […]